Americans Suffered $7B In Tax Penalties Last Year Following Biden Admin’s Additional Funding Of IRS, Thousands Of Added Positions
(Photo by Zach Gibson/Getty Images) OAN’s Brooke MalloryFriday, June 14, 2024 3:11 PM The Internal Revenue Service reportedly assessed $7 billion in additional tax penalties last year, nearly four times the $1.8 billion it assessed in 2022 following the Biden administration’s push to fund the IRS and beef up enforcement. advertisement In 2022, the Biden […]
Biden’s IRS is using scare taxes to discourage legitimate tax strategies
IRS (Internal Revenue Service) Continues to issue press releases containing selective or misleading data It casts a long shadow of doubt on a perfectly legal tax-cutting strategy: Why would the IRS continue to do it? The IRS’s intention is clear: to scare taxpayers, especially high-income taxpayers, into paying more tax than they need to. Don’t […]
Democrats fume over Republican plan to cut IRS funding, defund Direct File
Democrats are infuriated by Republican proposals to cut funding to the IRS and end funding for the agency’s new free online tax filing system. Democrats on the House Ways and Means Committee in a statement on Thursday called the GOP’s latest Financial Services and General Government (FSGG) budget bill “disastrous” and slammed Republicans for risking […]
EXCLUSIVE: House Oversight Chair Probes IRS On Potentially Illegal ESG Practices
House Oversight Committee Chairman James Comer sent a letter Thursday to IRS Commissioner Daniel Werfel, inquiring about how how environmental, social and governance (ESG) actions by retirement plan administrators violate the IRS Internal Revenue Code (IRC). The Daily Caller first obtained a copy of the letter, in which Comer requests information about state pension fund […]
House GOP proposes IRS funding cuts, defunding free tax filing system
House Republican appropriators are proposing to cut funding to the IRS and eliminate a free online tax filing system that the Treasury Department recently made permanent and promised to expand to other states. The House Appropriations Committee’s latest Financial Services and General Government (FSGG) bill “[prohibit] Funds used by the IRS to develop government-run tax […]
More Americans will be able to file their taxes for free through the IRS next year – CNBC
“The Treasury Department and the IRS look forward to working with states to expand direct tax return filing to Americans across the country,” Treasury Secretary Janet Yellen said in a statement. In 2024, filers in 12 states who have “simple” tax situations, such as making less than $200,000 a year from W-2 income alone, Try […]
IRS makes free tax return program permanent and is asking all states to join in 2025 – The Associated Press
WASHINGTON (AP) — The IRS is offering free Electronic Tax Return Filing System The company is piloting the program this year and is asking all 50 states and the District of Columbia to help taxpayers file their taxes through it in 2025. The I.R.S. Direct File Projects for the 2024 tax season Limited to 12 […]
IRS announces Direct File as permanent free tax-filing option starting next year – NBC News
The Internal Revenue Service announced Thursday that its experimental free tax filing option for simplified tax returns, “Direct File,” will become a permanent option starting next year. The Direct File pilot program, which was rolled out on a limited basis earlier this year, has helped 140,000 taxpayers claim more than $90 million in refunds and […]
IRS makes free online filing program permanent
Treasury Secretary Janet Yellen announced Thursday that the free online tax filing program the IRS piloted this year will be made permanent and expanded in scope. The online platform, called “Direct File,” will integrate with state tax systems and process a limited number of deductions that it plans to expand further, Treasury Secretary Janet Yellen […]
IRS whistleblower Shapley said he ‘could no longer pursue’ Hunter Biden sugar brother Kevin Morris due to CIA
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